A closer look at what changed for the P2P Lending industry in 2017 With technological innovations and changing dynamics of lending business, the new business model of Peer-to-Peer (P2P) Lending emerged. The essential model based on peer-to-peer trust, connects borrowers and lenders directly; eliminating the need to go to banks
With P2P lending revolutionizing the financing sector in India, sanctioning loans is not just the bank’s job anymore. As more people move towards online borrowing and lending, the Reserve Bank of India (RBI) has regulated the functioning of P2P Lending NBFC. The main features of these include the registration, adequate
RBI Guidelines on P2P Lending Platforms RBI Guidelines on P2P Lending platforms for regulating P2P Lending sector is nothing less than a watershed moment for the industry. Back in April,2016, RBI had released a consultation paper discussing the various aspects of the peer to peer lending industry. In that consultation
RBI Guidelines for P2P lending platforms P2P Lending Platforms will soon go mainstream In a welcoming move, RBI recently notified Peer-to-Peer (P2P) Lending institutions as Non-Banking Financial Companies (NBFCs). Now it’s only a matter of time before RBI issues guidelines to regulate the sector. In April 2016, RBI had released